• About
  • Coincu
  • Hot topics
  • Random
Saturday, February 4, 2023
CoinCu News
No Result
View All Result
  • Home
  • News
    • Bitcoin
    • Altcoins
    • Blockchain
  • Market
    • Analysis
  • Knowledge
    • Crypto 101
    • DeFi
  • Reviews
    • Exchange Reviews
    • DeFi Reviews
    • GameFi Reviews
    • Others Reviews
  • Recommended
    • Best Presale Cryptocurrencies
    • Best Bitcoin Casinos
    • Best Bitcoin Gambling Sites
  • Video
  • Live Prices
  • PR
    • Press Releases
    • Sponsored Articles
    • Advertise
  • Home
  • News
    • Bitcoin
    • Altcoins
    • Blockchain
  • Market
    • Analysis
  • Knowledge
    • Crypto 101
    • DeFi
  • Reviews
    • Exchange Reviews
    • DeFi Reviews
    • GameFi Reviews
    • Others Reviews
  • Recommended
    • Best Presale Cryptocurrencies
    • Best Bitcoin Casinos
    • Best Bitcoin Gambling Sites
  • Video
  • Live Prices
  • PR
    • Press Releases
    • Sponsored Articles
    • Advertise
No Result
View All Result
CoinCu News
No Result
View All Result
Home Altcoins

Elon Musk Supports Dogecoin Because Tesla, SpaceX Warehouse Workers Asked Him To

June 29, 2022
in Altcoins
377
91
SHARES
3k
VIEWS
Share on Facebook

Dogecoin (DOGE) To Breakout, Gains A More Than 100% Spike In March

DeFi Altcoins Gain Strength Amid Crypto Pullback, Bitcoin Movement Acts As 2019 Pattern

Elon Musk is a passionate advocate of Dogecoin. Using his platform and reputation, Musk was a big contributor to DOGE’s rise to $0.70 in early 2021 before it began to fall.

Elon Musk Supports Dogecoin Because Tesla, SpaceX Warehouse Workers Asked Him To

Nonetheless, Elon Musk has not wavered in his support for Dogecoin and has been extremely open about it. The ‘Dogefather’ recently disclosed why he invested in the meme coin and began to promote it.

In a recent interview with Bloomberg, SpaceX CEO Elon Musk discussed why he became involved with the meme coin in the first place. Musk, who abruptly began promoting Dogecoin in early 2021, stated during the interview that he became interested in Dogecoin because of staff at SpaceX and Tesla, both of which he serves as CEO.

Elon Musk said that it was the factory workers on the floor who had informed him and requested his cooperation. “I just had a lot of people who’re not that wealthy encourage me to buy and support Dogecoin,” Musk explained. “So I’m responding to those people.” Just people that work in the factory of SpaceX or Tesla have asked me to support Dogecoin.”

In the future, the billionaire has indicated that he will continue to hold and promote Dogecoin. This is despite a large lawsuit being launched against Musk for allegedly being complicit in a plot to inflate the price of the meme coin and then dump it.

Elon Musk Supports Dogecoin Because Tesla, SpaceX Warehouse Workers Asked Him To
Source: Coincu

Elon Musk’s enthusiasm for the meme coin has gone beyond simply tweeting about it. Tesla, the world’s premier electric vehicle manufacturer, is now accepting Dogecoin as payment for items, and Musk has previously stated that SpaceX will accept DOGE payments at some time.

Despite the meme coin’s dropping value, interest in Dogecoin has not faded. As expected, the altcoin has taken a significant damage as it enters the bear market. However, its volume continues to rise, owing to whales’ increased interest.

According to data, whale transaction volumes have increased by more than 100% in the last 24 hours alone. These transactions, which need a minimum of $100,000 in DOGE, increased from roughly 100 the previous day to 222 on the final day. This represents a 118% increase in the last day, resulting in almost $1.12 billion in transaction volumes from these major whales alone.

This fresh interest indicates that the meme coin’s future is not doomed. As long as these figures continue, the altcoin may be able to recover. However, the price has not reacted well to this. While there was a brief rise, it swiftly returned to its downward trend and is now trading at $0.0713 at the time of publication.

DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

Join CoinCu Telegram to keep track of news: https://t.me/coincunews

Follow CoinCu Youtube Channel | Follow CoinCu Facebook page

Patrick

CoinCu News

Elon Musk With Harmful Jokes

Elon Musk Is Satoshi Nakamoto: New Circumstantial Evidence Supports An Old Rumor?

Elon Musk Continues To Support Dogecoin: "To The Moon"

Elon Musk Resumed Purchasing Twitter, Around 1 Billion Dogecoin Were Transferred

Will Elon Musk Keep His Promises For Web3?

Co-Founder Dogecoin: It's Not Worth It To Talk About Elon Musk

Tags: AltcoinsDOGEelon muskLawsuitmemecoinSpaceXTesla
Previous Post

Roger Ver Denies Default On CoinFLEX 47 Million USDC? What Is The Truth?

Next Post

Russia Approves Potential Tax Exemption for Issuers of Digital Assets

Other Posts

Dogecoin (DOGE) To Breakout, Gains A More Than 100% Spike In March
Altcoins

Dogecoin (DOGE) To Breakout, Gains A More Than 100% Spike In March

February 3, 2023
Shibarium Launch May Be Delayed Again
Altcoins

Shibarium Launch May Be Delayed Again

February 3, 2023
Litecoin (LTC) Hit $100 As Dogecoin Gains 40% With Major Whale Transactions
Altcoins

Litecoin (LTC) Hit $100 As Dogecoin Gains 40% With Major Whale Transactions

February 2, 2023
DeFi Altcoins Gain Strength Amid Crypto Pullback, Bitcoin Movement Acts As 2019 Pattern
Altcoins

DeFi Altcoins Gain Strength Amid Crypto Pullback, Bitcoin Movement Acts As 2019 Pattern

February 1, 2023
Sandbox (SAND) Predicted To Gain 38% As Bitcoin Reaches $30,000 After An Imminent Fall
Altcoins

Sandbox (SAND) Predicted To Gain 38% As Bitcoin Reaches $30,000 After An Imminent Fall

January 31, 2023
Dogecoin Price Acts Favorably After 184 Million DOGE Leaves Binance
Altcoins

Dogecoin Price Acts Favorably After 184 Million DOGE Leaves Binance

February 3, 2023
Next Post
Russia Approves Potential Tax Exemption for Issuers of Digital Assets

Russia Approves Potential Tax Exemption for Issuers of Digital Assets

  • Solana DeFi Everlend Finance Terminates Its App Due To Lack Of Money

    Solana DeFi Everlend Finance Terminates Its App Due To Lack Of Money

    136 shares
    Share 54 Tweet 34
  • Stronghold Digital Mining Posts Prospectus For Share Sale While It Works To Conserve Money

    115 shares
    Share 46 Tweet 29
  • Terra Classic Adopts New Proposal To “Re-Peg USTC With LUNC,” USTC Soars 30%

    108 shares
    Share 43 Tweet 27
  • Kraken Office In Abu Dhabi Is Now Closed, Affecting 8 Roles

    109 shares
    Share 44 Tweet 27
  • “Twitter Killer” Damus Reaches Top 10 Social Network Apps On App Store

    194 shares
    Share 78 Tweet 49
CFTC Chairman Strengthens Regulation Of Cryptocurrency Trading In 2023

CFTC Chairman Strengthens Regulation Of Cryptocurrency Trading In 2023

February 4, 2023
New Exchange GTX Of 3AC Founders Completed The Fundraising Plan

New Exchange GTX Of 3AC Founders Completed The Fundraising Plan

February 4, 2023
SBF's Emergent Fidelity Technologies Is The Latest Company To Declare Bankruptcy

SBF’s Emergent Fidelity Technologies Is The Latest Company To Declare Bankruptcy

February 4, 2023
WisdomTree Reports Fourth-quarter Loss Of $28.3 Million Net

WisdomTree Reports Fourth-quarter Loss Of $28.3 Million Net

February 3, 2023
Activision Blizzard Pays $35 Million SEC Fine For Allegations Of Workplace Misconduct

Activision Blizzard Pays $35 Million SEC Fine For Allegations Of Workplace Misconduct

February 3, 2023
Ethereum Restaking EigenLayer Is Now Raising $50 Million In Series A Funding

Ethereum Restaking EigenLayer Is Now Raising $50 Million In Series A Funding

February 3, 2023
Cosmos-based DEX Demex To Launch GLP Vault With No Withdrawal Fees

Cosmos-based DEX Demex To Launch GLP Vault With No Withdrawal Fees

February 3, 2023
ImmutableX Announcing Watch To Earn (W2E) As Its Whale Holdings IMX Tokens Gains 58%

ImmutableX Announcing Watch To Earn (W2E) As Its Whale Holdings IMX Tokens Gains 58%

February 3, 2023
Mango Markets Hacker Denied Bail And Charged With 3 Criminal Offenses Of Commodities Fraud

Mango Markets Hacker Denied Bail And Charged With 3 Criminal Offenses Of Commodities Fraud

February 3, 2023
Craig Wright Will Go To Full Trial With Allegations Against 16 Bitcoin Developers In London

Craig Wright Will Go To Full Trial With Allegations Against 16 Bitcoin Developers In London

February 3, 2023
  • Live Prices
  • Binance
  • NFT
  • Solana
  • Metaverse
  • Polygon
  • Coinbase
  • Trending
  • LuxWorld
  • CryptoLinks

© 2021 COINCU Financial Group Inc. Address: Road Town, Tortola, British Virgin Islands. Email us: [email protected]

No Result
View All Result
  • Coincu
  • News
    • Bitcoin
    • Altcoins
    • Blockchain
    • Metaverse News
    • NFTs News
  • Market
    • Analysis
  • Knowledge
    • Crypto 101
    • DeFi
  • Reviews
    • Exchange Reviews
    • DeFi Reviews
    • GameFi Reviews
    • Others Reviews
  • Recommended
    • Best Presale Cryptocurrencies
    • Best Bitcoin Casinos
    • Best Bitcoin Gambling Sites
  • PR
    • Press Releases
    • Sponsored Articles
    • Advertise
  • Video
  • Live Prices

© 2021 COINCU Financial Group Inc. Address: Road Town, Tortola, British Virgin Islands. Email us: [email protected]

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In